Biden’s economy

[Anonymous]

Anonymous wrote:"U.S. retail closures have reached the highest level since the COVID-19 pandemic, according to recent estimates.

As of Nov. 8, retailers have announced 6,481 store closures this year, an increase of 336 closures in just the past week, according to the latest data from Coresight Research. The majority of these closures were driven by American Freight, which is shutting all 329 of its locations as part of its parent company’s bankruptcy proceedings.

Coresight also recorded 5,363 store openings this year as of Nov. 8, including 30 openings last week. However, closures are still outpacing openings, a shift from the trend of the past two years, John Mercer, Coresight’s head of global research, told FOX Business. "

https://www.foxbusiness.com/lifestyle/us-retail-closures-hit-highest-level-since-pandemic

That's what zero confidence in Trump's economy will do for you.

[Anonymous]

Advance Auto Parts plans to close over 700 locations as part of a financial restructuring.

[Anonymous]

Spirit Airlines declares bankruptcy.

[Anonymous]

Anonymous wrote:"U.S. retail closures have reached the highest level since the COVID-19 pandemic, according to recent estimates.

As of Nov. 8, retailers have announced 6,481 store closures this year, an increase of 336 closures in just the past week, according to the latest data from Coresight Research. The majority of these closures were driven by American Freight, which is shutting all 329 of its locations as part of its parent company’s bankruptcy proceedings.

Coresight also recorded 5,363 store openings this year as of Nov. 8, including 30 openings last week. However, closures are still outpacing openings, a shift from the trend of the past two years, John Mercer, Coresight’s head of global research, told FOX Business. "

https://www.foxbusiness.com/lifestyle/us-retail-closures-hit-highest-level-since-pandemic

The closures and layoffs coming right now are a direct response to trump's tariffs. They have all said this. I know of companies who are forgoing holiday bonuses because they are loading up on orders now, before the tariffs kick in.

[Anonymous]

Anonymous wrote:

Anonymous wrote:"U.S. retail closures have reached the highest level since the COVID-19 pandemic, according to recent estimates.

As of Nov. 8, retailers have announced 6,481 store closures this year, an increase of 336 closures in just the past week, according to the latest data from Coresight Research. The majority of these closures were driven by American Freight, which is shutting all 329 of its locations as part of its parent company’s bankruptcy proceedings.

Coresight also recorded 5,363 store openings this year as of Nov. 8, including 30 openings last week. However, closures are still outpacing openings, a shift from the trend of the past two years, John Mercer, Coresight’s head of global research, told FOX Business. "

https://www.foxbusiness.com/lifestyle/us-retail-closures-hit-highest-level-since-pandemic

The closures and layoffs coming right now are a direct response to trump's tariffs. They have all said this. I know of companies who are forgoing holiday bonuses because they are loading up on orders now, before the tariffs kick in.

Or, the BLS was hiding the true economic numbers and now, 'the jig is up', as they say.

[Anonymous]

Anonymous wrote:

Anonymous wrote:"U.S. retail closures have reached the highest level since the COVID-19 pandemic, according to recent estimates.

As of Nov. 8, retailers have announced 6,481 store closures this year, an increase of 336 closures in just the past week, according to the latest data from Coresight Research. The majority of these closures were driven by American Freight, which is shutting all 329 of its locations as part of its parent company’s bankruptcy proceedings.

Coresight also recorded 5,363 store openings this year as of Nov. 8, including 30 openings last week. However, closures are still outpacing openings, a shift from the trend of the past two years, John Mercer, Coresight’s head of global research, told FOX Business. "

https://www.foxbusiness.com/lifestyle/us-retail-closures-hit-highest-level-since-pandemic

The closures and layoffs coming right now are a direct response to trump's tariffs. They have all said this. I know of companies who are forgoing holiday bonuses because they are loading up on orders now, before the tariffs kick in.

The same people who think Obama saved the economy in 2009 (he didn't) when his policies didn't have time to take effect, now think Trump is crashing the economy when he's not even sworn in.

Unserious.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:"U.S. retail closures have reached the highest level since the COVID-19 pandemic, according to recent estimates.

As of Nov. 8, retailers have announced 6,481 store closures this year, an increase of 336 closures in just the past week, according to the latest data from Coresight Research. The majority of these closures were driven by American Freight, which is shutting all 329 of its locations as part of its parent company’s bankruptcy proceedings.

Coresight also recorded 5,363 store openings this year as of Nov. 8, including 30 openings last week. However, closures are still outpacing openings, a shift from the trend of the past two years, John Mercer, Coresight’s head of global research, told FOX Business. "

https://www.foxbusiness.com/lifestyle/us-retail-closures-hit-highest-level-since-pandemic

The closures and layoffs coming right now are a direct response to trump's tariffs. They have all said this. I know of companies who are forgoing holiday bonuses because they are loading up on orders now, before the tariffs kick in.

The same people who think Obama saved the economy in 2009 (he didn't) when his policies didn't have time to take effect, now think Trump is crashing the economy when he's not even sworn in.

Unserious.

Trump and his supporters aren't serious about reality, either. So it's perfectly reasonable to say that all current bad economic news reflects lack of confidence in his economic plans. Why is he doing such a terrible job already?

[Anonymous]

New Survey: 1 in 3 Drivers Are Underwater, Most Overestimate Their Car’s Value
Last updated Sep 27, 2024

Key Takeaways

- 31% of American drivers who financed have underwater car loans in 2024.
- More than half of surveyed drivers overestimated their car’s value.
- 46% of EV drivers have negative equity, far above the broader market.

Negative equity, or being “underwater” on a car loan, is becoming a growing issue for many drivers in today’s market. As vehicle prices soar and depreciation accelerates, more car owners are finding themselves owing more on their loans than their cars are worth. CarEdge, in partnership with , surveyed nearly 1,000 drivers to understand the extent of this problem in Q3 2024.

https://caredge.com/guides/caredge-black-book-negative-equity-report-q3-2024

[Anonymous]

Democrat math.

We're going to levy a tax on you, but not as much as we said we would so we're your friend. See, we saved you money by not taking as much of what you earn.

[Anonymous]

Best services/composite PMI since 2022

* U.S SERVICES PMI (NOV) ACTUAL: 57.0 VS 55.0 PREVIOUS; EST 55.0

* U.S S&P GLOBAL COMPOSITE PMI (NOV) ACTUAL: 55.3 VS 54.1 PREVIOUS; EST 54.3

* U.S MANUFACTURING PMI (NOV) ACTUAL: 48.8 VS 48.5 PREVIOUS; EST 48.9

[Anonymous]

Anonymous wrote:Democrat math.

We're going to levy a tax on you, but not as much as we said we would so we're your friend. See, we saved you money by not taking as much of what you earn.

People driving into downtowns should be paying market value for the externalities related to pollution/air quality and taking up more space than a person or a bike/scooter. This has proven to be successful in other cities around the world and should be happening here.

[Anonymous]

Anonymous wrote:New Survey: 1 in 3 Drivers Are Underwater, Most Overestimate Their Car’s Value
Last updated Sep 27, 2024

Key Takeaways

- 31% of American drivers who financed have underwater car loans in 2024.
- More than half of surveyed drivers overestimated their car’s value.
- 46% of EV drivers have negative equity, far above the broader market.

Negative equity, or being “underwater” on a car loan, is becoming a growing issue for many drivers in today’s market. As vehicle prices soar and depreciation accelerates, more car owners are finding themselves owing more on their loans than their cars are worth. CarEdge, in partnership with , surveyed nearly 1,000 drivers to understand the extent of this problem in Q3 2024.

https://caredge.com/guides/caredge-black-book-negative-equity-report-q3-2024

I thought you all wanted lower prices?

[Anonymous]

Inflation: low, back to pre-pandemic levels.
GDP: record high
Job creation: record high
Unemployment: record low
S&P/DOW: record high

The Biden record.

I hope Trump doesn't screw it up, but the GOP record on the economy the last 35 years is abysmal, so I won't hold my breath.

[Anonymous]

Anonymous wrote:

Anonymous wrote:"U.S. retail closures have reached the highest level since the COVID-19 pandemic, according to recent estimates.

As of Nov. 8, retailers have announced 6,481 store closures this year, an increase of 336 closures in just the past week, according to the latest data from Coresight Research. The majority of these closures were driven by American Freight, which is shutting all 329 of its locations as part of its parent company’s bankruptcy proceedings.

Coresight also recorded 5,363 store openings this year as of Nov. 8, including 30 openings last week. However, closures are still outpacing openings, a shift from the trend of the past two years, John Mercer, Coresight’s head of global research, told FOX Business. "

https://www.foxbusiness.com/lifestyle/us-retail-closures-hit-highest-level-since-pandemic

The closures and layoffs coming right now are a direct response to trump's tariffs. They have all said this. I know of companies who are forgoing holiday bonuses because they are loading up on orders now, before the tariffs kick in.

Actually they are because people don't shop in retail stores anymore, not nearly as much as they used to. They shop online. Myself included.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:"U.S. retail closures have reached the highest level since the COVID-19 pandemic, according to recent estimates.

As of Nov. 8, retailers have announced 6,481 store closures this year, an increase of 336 closures in just the past week, according to the latest data from Coresight Research. The majority of these closures were driven by American Freight, which is shutting all 329 of its locations as part of its parent company’s bankruptcy proceedings.

Coresight also recorded 5,363 store openings this year as of Nov. 8, including 30 openings last week. However, closures are still outpacing openings, a shift from the trend of the past two years, John Mercer, Coresight’s head of global research, told FOX Business. "

https://www.foxbusiness.com/lifestyle/us-retail-closures-hit-highest-level-since-pandemic

The closures and layoffs coming right now are a direct response to trump's tariffs. They have all said this. I know of companies who are forgoing holiday bonuses because they are loading up on orders now, before the tariffs kick in.

The same people who think Obama saved the economy in 2009 (he didn't) when his policies didn't have time to take effect, now think Trump is crashing the economy when he's not even sworn in.

Unserious.

Trump and his supporters aren't serious about reality, either. So it's perfectly reasonable to say that all current bad economic news reflects lack of confidence in his economic plans. Why is he doing such a terrible job already?

You are not a serious person if you think a company declared bankruptcy because Trump was elected. Trump won't fix much, and his economy will look like it did the first time (probably), but give me a break that "all current bad economic news reflects a lack of confidence in [Trump's] economic plans."